Depository
/dɪˈpɒzɪtɔːri/
Definitions
- (n.) A place or institution where something valuable is stored or deposited for safekeeping.
The bank acted as a depository for customers' valuables.
- (n.) An entity authorized to hold securities or financial assets for others.
The brokerage firm served as a depository for the stock certificates.
Forms
- depositories
Related terms
See also
Commentary
Often used in financial and legal contexts to denote secure storage; distinguish from 'repository' which is more general.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.